WAYNE, Pa.--(BUSINESS WIRE)--Jul. 28, 2009--
Triumph Group, Inc. (NYSE:TGI) today announced that its gear
systems operations, located in Park City, Utah and Macomb, Michigan,
have been awarded a multi-year supply agreement by Bell Helicopter to
provide the main transmission assembly for the 429 helicopter. The scope
of the agreement includes manufacturing, assembly/integration and
testing of the transmission, as well as the design and engineering of
the test equipment. The supply agreement is for a period of five years
with five one-year contract extension options and has an estimated value
in excess of $363 million over the next ten years.
Richard C. Ill, Triumph’s Chairman and Chief Executive Officer, said,
“We are extremely pleased that Bell Helicopter chose Triumph to be a
strategic supplier to this program. We believe Triumph’s experience in
providing cost effective solutions, our capacity to integrate complex
bills of material and our commitment to meet or exceed stringent quality
control requirements enabled us to win this business. We view this award
as a significant milestone in our excellent relationship with Bell
Helicopter and look forward to supporting this program.”
Triumph Group, Inc., headquartered in Wayne, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls aircraft components and
accessories. The company serves a broad, worldwide spectrum of the
aviation industry, including original equipment manufacturers of
commercial, regional, business and military aircraft and aircraft
components, as well as commercial and regional airlines and air cargo
More information about Triumph can be found on the Internet at http://www.triumphgroup.com.
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995, including estimates of
contract value. All forward-looking statements involve risks and
uncertainties which could affect the company’s actual results and could
cause its actual results to differ materially from those expressed in
any forward looking statements made by, or on behalf of, the company.
Further information regarding the important factors that could cause
actual results to differ from projected results can be found in
Triumph’s reports filed with the SEC, including our Annual Report on
Form 10-K for the fiscal year ended March 31, 2009.
Source: Triumph Group, Inc.
Triumph Group, Inc.